UMB Bank n.a. Increases Holdings in AGCO Co. (NYSE:AGCO)

UMB Bank n.a. grew its position in AGCO Co. (NYSE:AGCO) by 84.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337 shares of the industrial products company’s stock after buying an additional 154 shares during the quarter. UMB Bank n.a.’s holdings in AGCO were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gateway Investment Advisers LLC purchased a new stake in shares of AGCO in the fourth quarter valued at about $311,000. Assenagon Asset Management S.A. lifted its holdings in AGCO by 96.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,473 shares of the industrial products company’s stock valued at $2,288,000 after purchasing an additional 12,031 shares in the last quarter. Nordea Investment Management AB grew its stake in AGCO by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 78,808 shares of the industrial products company’s stock worth $7,392,000 after acquiring an additional 4,143 shares during the period. Everence Capital Management Inc. purchased a new position in AGCO during the fourth quarter worth about $236,000. Finally, GAMMA Investing LLC grew its holdings in AGCO by 174.7% in the fourth quarter. GAMMA Investing LLC now owns 544 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 346 shares during the period. 78.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AGCO. Morgan Stanley assumed coverage on AGCO in a research report on Tuesday, December 3rd. They issued an “equal weight” rating and a $101.00 target price on the stock. Oppenheimer decreased their target price on AGCO from $131.00 to $111.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Truist Financial raised their price target on shares of AGCO from $109.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on shares of AGCO from $112.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Finally, Citigroup decreased their price target on shares of AGCO from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, AGCO currently has an average rating of “Hold” and an average target price of $107.40.

AGCO Trading Up 0.1 %

NYSE AGCO opened at $105.17 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 1.53. AGCO Co. has a one year low of $84.35 and a one year high of $130.26. The company has a 50-day simple moving average of $96.69 and a 200-day simple moving average of $95.26. The firm has a market capitalization of $7.85 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25.

AGCO (NYSE:AGCO) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.40). AGCO had a return on equity of 15.79% and a net margin of 1.35%. The company had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company earned $3.97 earnings per share. AGCO’s quarterly revenue was down 24.8% compared to the same quarter last year. On average, equities analysts forecast that AGCO Co. will post 7.33 earnings per share for the current year.

AGCO Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, February 14th. AGCO’s payout ratio is currently 51.33%.

AGCO Company Profile

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses.